AMD's Nod.ai Acquisition Marks a New Era in Open Source AI Innovation
Portfolio Pulse from Anusuya Lahiri
Advanced Micro Devices, Inc (AMD) has agreed to acquire Nod.ai to expand its open AI software capabilities. The acquisition will bring an experienced team to AMD that has developed software technology that accelerates the deployment of AI solutions optimized for AMD's hardware. The financial terms of the transaction were not disclosed.
October 10, 2023 | 4:27 pm
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AMD's acquisition of Nod.ai is expected to enhance its ability to provide AI customers with open software that allows them to easily deploy AI models tuned for AMD hardware.
The acquisition of Nod.ai is expected to significantly enhance AMD's AI capabilities, which could make its products more attractive to customers and potentially increase sales. This could have a positive impact on AMD's stock price.
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